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Dec 31, 2012 10:00pm PST
be it has to be -- has to be it has to be. >> reporter: governor brown's prop 30 raised taxes, which hits starting tomorrow. el cerreto had higher taxes before where they will remain the highest. now at 9.5%. other east bay cities are up in the 9% range, but the big cities of san francisco and san jose are among the lowest. >> it's a quarter of a percent that is not really going to make a big difference. >> reporter: but just to show how things get with local taxes, steve's tire store is right on the border. one step could be like that. >> sales tax will be here tomorrow at 9.5%. sales tax right here tomorrow, 9%. >> reporter: the tax from prop 30 will last the next four years. mike sugerman, cbs5. >>> and as you probably guessed the chp will be out in force tonight looking for anybody that shouldn't be driving. here's a sobering thought. a dui can cost up to $7,000. cbs reporter shows us how new technology could put the brakes on drunk drivers. >> so we want to take this device and implement it into the car. >> reporter: he is leading a research team creating technology preve
Jan 1, 2013 10:00pm PST
of joe or brown bag it. >> you think about the taxes that you, you know, that you have to pay and your regular, you know, just day to day living expenses lying your pg&e bill and cell phone bill the $90 an hour gets eaten away quickly. >> reporter: tip number two, save save save. americans on average only save 3.6% of their income. what we should be saving upwards of 10%. and if you're counting on social security, plan on socking away 12 times your current income, too, because getting old can get expensive. >> i have seen clients pay upwards of $13,000 a month for round the clock care in their homes. it's very expensive. >> reporter: and then there's housing. bringing us to tip number three. you shouldn't spend more than 25% of your income on where you live. a tall order here in the bay area. but keeping this rule of thumb in mind might help you stash cash into your 401(k) or ira. alison and her husband took that advice. they rent two bedrooms of their home to help them offset their mortgage and reach their financial goals. and they talk money every saturday. an effort to track th
Search Results 0 to 1 of about 2